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CLS Volumes Dip in August

in News, Banks

CLS Volumes Dip in August

The average daily volume (ADV) of FX trades submitted to CLS in August was $1.6 trillion, down 2.1% from the $1.64 trillion in July. FX Spot ADV was actually slightly up in August, according to the CLS data, rising to $425 billion from $416 billion in July. FX Swaps ADV was down however, dropping from $1.2 trillion in July to $1.1 trillion in August. Similarly, the ADV for FX forwards went from $107 billion in July, down to $83 billion in August. Year-on-year (YoY), the total FX ADV recorded by CLS was up 1.5% for August.

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